1550 S Washington St

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1550 S Washington St

Crawfordsville, IN 47933
Asking Price
$671K
Cap Rate
3.22%
Asset Type
Shopping Center Retail
Class
Class B

What's Special

Retail | $125psf | 5,364 SqFt <ul><li>​77% OCCUPIED FOUR-TENANT RETAIL STRIP</li><li>​5,364 square foot retail strip center</li><li>​Anchored by Jack's Donuts (9 Locations in Indiana)</li><li>​EMBEDDED RENT GROWTH SCHEDULED FOR 2027</li><li>​13.04% rent growth in base term leases by September 2027</li><li>​VALUE-ADD OPPORTUNITY</li><li>​Upside in leasing 1,200 square foot vacant space</li><li>​Additional upside in converting 67% of the GLA to triple net leases</li><li>​MINIMAL NEAR-TERM LEASE ROLLOVER RISK</li><li>​55% of th

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NOI
$80,000
Cap Rate
11.93%
DSCR
2.01
Strong
Cash-on-Cash
19.98%
Monthly Payment
$3,317.268
Annual Cash Flow
$40,192.782

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